Dominion Energy Inc. (NYSE:D) will post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect Dominion Energy to post earnings of $1.08 per share for the quarter. Dominion Energy has set its Q3 guidance at $0.95-1.15 EPS and its FY17 guidance at $3.40-3.90 EPS.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts expect Dominion Energy to post $3.59 EPS for the current fiscal year and $4.03 EPS for the next fiscal year.
Shares of Dominion Energy Inc. (D) opened at 80.51 on Friday. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The company has a market capitalization of $51.73 billion, a P/E ratio of 23.30 and a beta of 0.28. The firm has a 50-day moving average of $78.23 and a 200-day moving average of $78.22.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.77 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 87.28%.
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A number of analysts have recently commented on D shares. Bank of America Corporation started coverage on shares of Dominion Energy in a research note on Tuesday. They issued a “neutral” rating and a $80.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Citigroup Inc. lifted their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Twelve research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dominion Energy has an average rating of “Hold” and a consensus price target of $80.70.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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